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It looks like the much anticipated deal between the Israeli Project Better Place and Renault-Nissan is now official. With the government-instituted consumer tax rebates waiting in the wings, the three-way alliance will make Israel the first nation to great the all-electric future.

Once the necessary tax incentives are in place, Shai Agassi's Project Better Place will facilitate the nationwide Electric Recharge Grid, while Renault-Nissan supplies the EVs. Optimistic about the project's success, Israeli Prime Minister Ehud Olmert announced that Israel will be oil-free by 2020.

Vehicle supply expectations are even more ambitious, with the initial models becoming available to consumers in 2011.

For more info about Israel's remarkable leap in ecotech, as well as images, videos and Shai Agassi's blog, visit Project Better Place online.